SEOUL, Sept. 30 (Korea Bizwire) — South Korea’s telecom authority said Wednesday it plans to allow foreign visitors to the country to open a mobile phone account more quickly. Starting Thursday, foreigners will be permitted to get a mobile phone number at airports by submitting only their passports, the Ministry of Science, ICT, and Future [...]
SEOUL, Sept. 27 (Korea Bizwire) – South Korea’s three mobile carriers are estimated to have posted an improved ratio of operating income to total revenue in the third quarter, industry sources said Sunday, as the firms reduced marketing expenditures. The combined sales posted by SK Telecom Co., KT Corp. and LG Uplus Corp. are estimated [...]
SEOUL, Sept. 23 (Korea Bizwire) — South Korea’s No. 2 mobile carrier KT said Wednesday it plans to invest 13 trillion won (US$10.9 billion) until 2020 to find new sources of profits and tap deeper into the intelligent industry. Under the plan, KT will establish the Intelligent GiGA Infra, which connects the latest technologies, including [...]
SEOUL, Sept. 18 (Korea Bizwire) — South Korea’s No. 3 handset maker Pantech, which has been struggling to normalize operations, said Friday it plans to cut nearly half of its employees. Under the plan, around 400 staff will leave the company on Oct. 23, the company said. Pantech has been on the verge of bankruptcy [...]
SEOUL, Sept. 17 (Korea Bizwire) – As budget smartphones with metal enclosures like SK Telecom’s LUNA and Samsung Electronics’ Galaxy A series gain popularity, LG Electronics is expected to join the market of low-cost smartphones with a metal body. The company posted a photo on its Facebook page hinting that it would introduce a new [...]
SEOUL, Sept. 15 (Korea Bizwire) — South Korea’s No. 2 handset maker LG Electronics said Tuesday it will unveil a new smartphone with improved video and camera features next month amid weak sales of its flagship smartphone G lineup. Market rumor had it that LG might roll out a new Nexus smartphone made together with Google, [...]
SEOUL, Sept. 14 (Korea Bizwire) – A secret market for “golden phone numbers”, including mobile phones, company phone numbers and local numbers is known to exceed 26.7 billion won. According to lawmaker Kwon Eun-hee of the main opposition New Politics Alliance for Democracy, who analyzed an Internet site where the golden numbers are traded, a [...]
SEOUL, Sept. 10 (Korea Bizwire)–The number of SK Telecom customers that selected a 20 percent discount for their monthly charges instead of financial support for a new device has exceeded one million. The ‘Discount Equal to Financial Support’ is a system that provides a discount on communications fees for new customers who don’t receive financial [...]
SEJONG, Sept. 10 (Korea Bizwire) – A smart farming town sponsored by SK Group is gaining attention from high ranking officials in Southeast Asian countries including Vietnam and Thailand. According to the Sejong Creative Economy Center, South Asian delegates visited the state-of-the-art “smart farms” which combine agriculture and ICT, and considered the possibility of incorporating the [...]
SEOUL, Sept. 9 (Korea Bizwire) — South Korea’s No. 3 mobile carrier, LG Uplus Corp., said Wednesday it would work together with U.S. tech giant Qualcomm Inc. to support local startups, especially for those with business projects related to the Internet of Things (IoT) industry. Under the move, LG Uplus and Qualcomm will chip in [...]